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Budget 2009 Home Page Budget Economic and Fiscal Update 2009

Notes to the Forecast Financial Statements

NOTE 1: Revenue Collected Through the Crown's Sovereign Power
2008
Actual
$m
2009
Previous
Budget
$m
2009
Forecast
$m
2010
Forecast
$m
2011
Forecast
$m
2012
Forecast
$m
2013
Forecast
$m

Taxation Revenue (accrual)

Individuals

Source deductions 23,345 22,874 22,967 21,699 21,732 22,594 23,909
Other persons 5,071 4,986 4,639 4,387 4,235 4,469 4,713
Refunds (1,470) (1,199) (1,731) (1,651) (1,651) (1,671) (1,763)
Fringe benefit tax 522 523 499 487 496 520 544
Total individuals 27,468 27,184 26,374 24,922 24,812 25,912 27,403

Corporate Tax

Gross companies tax 8,787 7,817 7,014 7,077 7,728 8,592 9,595
Refunds (242) (300) (535) (345) (348) (369) (402)
Non-resident withholding tax 1,506 1,402 1,409 1,107 1,135 1,247 1,366
Foreign-source dividend w/holding payments 71 109 5 13 13 13 13
Total corporate tax 10,122 9,028 7,893 7,852 8,528 9,483 10,572

Other Direct Income Tax

Resident w/holding tax on interest income 2,699 2,740 2,763 2,049 1,522 1,619 1,982
Resident w/holding tax on dividend income 69 91 61 211 253 258 264
Estate and gift duties 3 3 2 2 2 2 2
Total other direct income tax 2,771 2,834 2,826 2,262 1,777 1,879 2,248
Total direct income tax 40,361 39,046 37,093 35,036 35,117 37,274 40,223

Goods and Services Tax

Gross goods and services tax 20,631 20,458 22,248 21,121 21,856 23,105 24,546
Refunds (9,516) (8,578) (10,655) (9,960) (10,605) (11,445) (12,211)
Total goods and services tax 11,115 11,880 11,593 11,161 11,251 11,660 12,335

Other Indirect Taxation

Petroleum fuels excise 819 813 811 802 802 807 814
Tobacco excise 159 151 170 172 175 178 181
Customs duty 1,857 1,859 1,828 1,818 1,819 1,820 1,859
Road user charges 851 940 883 885 955 1,036 1,100
Alcohol excise 573 605 630 657 682 708 734
Gaming duties 260 254 215 224 227 229 232
Motor vehicle fees 226 229 171 167 168 171 173
Energy resources levies 46 43 37 38 38 38 38
Approved issuer levy and cheque duty 105 91 92 92 92 92 92
Total other indirect taxation 4,896 4,985 4,837 4,855 4,958 5,079 5,223
Total indirect taxation 16,011 16,865 16,430 16,016 16,209 16,739 17,558
Total taxation revenue 56,372 55,911 53,523 51,052 51,326 54,013 57,781

Other Sovereign Revenue (accrual)

ACC levies 2,718 2,780 2,885 3,226 3,338 3,426 3,520
Fire Service levies 279 303 303 307 314 322 330
EQC levies 86 87 87 88 90 91 93
Other miscellaneous items 796 867 839 1,239 1,661 1,861 2,356
Total other sovereign revenue 3,879 4,037 4,114 4,860 5,403 5,700 6,299
Total sovereign revenue 60,251 59,948 57,637 55,912 56,729 59,713 64,080
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